Trading On The Warsaw Stock Exchange: March 2013

• The value of total trading in equities on the Main Market was PLN 24.0 billion in March 2013, an increase of 21.5% year on year.
• Total trading on the Main Market year to date in 2013 increased by 19.9% year on year.
• Average daily trading per session on the Main Market was PLN 938.2 million in March 2013, an increase of 7.6% year on year.
• The total volume of trading in index futures decreased to 900 thousand contracts in March 2013 (-5.2% YoY) but the average volume per session increased by 4.3%.
• The volume of forward transactions on the WSE Group electricity markets reached 10.5 TWh in March 2013, an increase of 118.2% year on year.
• The monthly volume of trading in property rights increased by 15.5% year on year in March 2013 from 4.4 TWh to 5.1 TWh.
• The aggregate volume of spot and forward transactions in natural gas was 156.7 GWh in March 2013 and over 191.7 GWh in Q1 2013.

 

The Warsaw Stock Exchange publishes March turnover data for the markets operated by the WSE Group. 

Equities Market¹⁾

Main Market

The total value of trading in equities on the Main Market was PLN 24.0 billion in March 2013, an increase of 21.5% year on year. Incremental turnover year to date was PLN 71.1 billion, an increase of 19.9% year on year.

The value of session trading in equities on the Main Market was PLN 18.8 billion in March 2013, a decrease of 2.2% year on year; however, the average value of trading per session increased by 7.6% to PLN 938.2 million.

The incremental value of session trading increased from PLN 54.9 billion in Q1 2012 to PLN 55.7 billion in Q1 2013 (an increase of 1.5%). It was also the highest value of session trading since Q3 2011.

The WIG index gained 9.4% year on year and lost 4.9% year to date at the end of March 2013.

NewConnect

The total value of trading on NewConnect was PLN 88.8 million in March 2013, a decrease of 60.4% year on year. The incremental value of trading year to date was PLN 265.6 million in January-March 2013, a decrease of 44.7% year on year.

The NCIndex lost 1.7% year to date and lost 23.2% year on year at the end of March 2013.

Derivative Instruments Market²⁾

Futures contracts: The monthly volume of trading in index futures decreased by 5.2% year on year from 949 thousand contracts in March 2012 to 900 thousand contracts in March 2013. The average trading volume per session increased from 43.1 thousand contracts to 45.0 thousand contracts (by 4.3%). The number of open interest in index futures was 117.3 thousand, an increase of 20.0% year on year.

The incremental volume of trading in index futures year to date was 2.1 million contracts, a decrease of 12.8% compared to 2.4 million contracts in Q1 2012.

The volume of trading in single-stock futures increased by 47.0% year on year in March 2013 (from 51.1 thousand contracts to 75.1 thousand contracts).

Options: The volume of trading in WIG20 index options was 74.4 thousand in March 2013, an increase of 15.6% year on year (64.3 thousand in March 2012). The incremental volume of trading in options increased by 30.3% from 142.8 thousand options in Q1 2012 to 186.1 thousand options in Q1 2013.

Debt Instruments Market

Catalyst

The issue value of listed series (corporate, municipal and mortgage bonds) stood at PLN 54.4 billion at the end of March 2013 compared to PLN 41.0 billion in March 2012 (an increase of 32.7%). The monthly value of total trading increased by 110.9% from PLN 394.9 million in March 2012 to PLN 832.8 million in March 2013.

Treasury BondSpot Poland

The value of cash transactions on Treasury BondSpot Poland decreased by 21.3% year on year to PLN 36.1 billion in March 2013. The value of conditional transactions was PLN 42.5 billion in March 2013 compared to PLN 52.4 billion in March 2012.

In March 2013, first transactions were made in the new trading segment of EUR denominated bonds: the value of cash transactions in these instruments was EUR 8.1 million.

Structured Instruments Market

Structured products and investment certificates: The aggregate value of trading in structured products and investment certificates increased by 12.4% from PLN 20.3 million in March 2012 to PLN 22.8 million in March 2013. 

ETFs: The value of trading in ETFs was PLN 15.6 million in March 2013 compared to PLN 20.4 million in March 2012.

Commodity Market³⁾

Electricity: The volume of forward transactions on the WSE Group electricity markets reached 10.5 TWh in March 2013, an increase of 118.3% year on year. The incremental volume of forward transactions in electricity year to date increased by 250.6% year on year. The volume of spot transactions in electricity increased from 1.8 TWh in March 2012 to 2.1 TWh in March 2013 (an increase of 20.7%).

Property rights: The monthly volume of trading in property rights increased by 15.5% year on year in March 2013 from 4.4 TWh to 5.1 TWh. The volume of trading in property rights was 23.7 TWh in Q1 2013, an increase of 31.5% compared to 18.0 TWh in Q1 2012.

Natural gas – The total volume of trading on the gas exchange was 156.7 GWh in March 2013 (59.3 GWh of spot transactions and 97.4 GWh of forward transactions). The incremental total volume of trading in natural gas year to date was 191.7 GWh in Q1 2013.

The WSE held 20 trading sessions in March 2013, two less than in March 2012.

 

1)     transactions in shares, allotment certificates and subscription rights

2)     the volume of trading in currency futures is calculated on the basis of a trading unit equal to 1,000 contracts as of 1 May 2012 (previously: 10,000 contracts); consequently, the volume of trading in currency futures and the total volume of trading in derivative instruments are not fully comparable to previous periods

3)     transactions on poee WSE EM and the Polish Power Exchange. The WSE acquired a majority stake in the Polish Power Exchange on 24 March 2012. The gas exchange was opened as a part of PolPX in December 2012.